Summary
Archer-Daniels-Midland Company (ADM) announced its first quarter results on April 25, 2023, via a press release filed as an exhibit to their 8-K. The filing primarily directs investors to this press release for detailed financial performance. Key information regarding revenue, earnings, and operational segments would be found within the attached Exhibit 99.1, which is incorporated by reference. Investors should note that ADM is utilizing non-GAAP financial measures and a reconciliation to GAAP figures is available within the press release itself.
Key Highlights
- 1ADM reported first quarter 2023 financial results on April 25, 2023.
- 2The results were disclosed via a press release, furnished as Exhibit 99.1 to the 8-K filing.
- 3Investors are directed to the press release for the comprehensive details of the financial performance.
- 4The filing explicitly states that the information furnished is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- 5ADM's reporting includes non-GAAP financial measures.
- 6Reconciliations between non-GAAP and GAAP financial measures are provided within the press release.
- 7The 8-K filing itself is concise, serving primarily as a notification and reference to the press release.
Frequently Asked Questions
The detailed first quarter financial results for Archer-Daniels-Midland Company (ADM) are available in the press release filed as Exhibit 99.1 to the 8-K filing dated April 25, 2023.
No, this 8-K filing itself does not contain the detailed financial numbers. It serves as a notification and reference to the press release (Exhibit 99.1) where the company announces its first quarter results.
ADM uses non-GAAP financial measures, which exclude certain items that management believes are not representative of the company's ongoing operating performance. A reconciliation to the comparable GAAP (Generally Accepted Accounting Principles) financial measures is provided in the press release to allow investors to compare both sets of figures.
For the purposes of Section 18 of the Securities Exchange Act of 1934, the information in the press release is not deemed 'filed'. However, it may be incorporated by reference into other SEC filings if specifically stated.